USD/CHF experienced a good recovery from 1-month low, NFP in focus

FXStreet – The USD/CHF is partially recovered from yesterday’s losses, from the area of the 1-Moantstiefs out and the focus is now on a movement of the 0,9900.

The recovery on the very important 200-day SMA failed, and it came on Thursday to a breakout from the 2-week Range under the 0,9900, to the lowest level since the end of March. Yesterday’s decline was triggered by the strong USD sell-off, as the EUR/USD gained strongly, although the US Treasury bond yields rose in expectation of a Fed rate hike in June.

Today the monthly US labour market report (NFP) is in focus, and this may assess the investors to help the next direction of the pair.

US NFP forecast: Who cares? The USD falls anyway
USD/CHF offers 0,9970

Important Levels

About 0,9900 the next Resistances at 0,9915/20 and 200-day SMA in the middle of the 0,9900. On the other hand, supports are located at 0,9860, 0,9830 and 0,9815/10 (Deep 27. March).

** FXStreet News Editorial, FXStreet**

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